- Prestigious location: The pledged apartment is located in one of the most prestigious areas of central Riga, where demand remains consistently high due to the quiet, distinguished surroundings and proximity to the Old Town.
- Additional security: The entire loan amount is additionally secured by personal surety provided by the company’s shareholder and a surety provided by FEMEX INTELLIGENT TRANSPORT SOLUTIONS LTD, a company owned by the shareholder.
- Liquid collateral: A premium-segment apartment in Riga’s historic centre, where supply is limited, increases the likelihood of a faster sale while supporting the property’s value.
Interest rates by investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.25%
– From 700 EUR to 2 499 EUR – 9.50%
– From 2 500 EUR to 5 999 EUR – 9.80%
– From 6 000 EUR to 14 999 EUR – 10.10%
– From 15 000 EUR – 10.50%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The project owner, Vastara, SIA, is pledging an apartment located in one of Riga’s most prestigious areas – Ausekļa iela 4, in the “Quiet Centre” district – to raise working capital.
This is an exceptional central location, valued for its quiet and distinguished surroundings near parks and green spaces, while also offering excellent accessibility: the Old Town, major business centres and key services are all within a few minutes’ walk. The area is dominated by premium-class real estate, with consistent demand supported by local residents, international professionals and the diplomatic community. As a result, the area benefits from stable rental and purchase demand. Given the limited supply of comparable properties in the historic centre, such properties tend to maintain high liquidity and value stability.
A total financing amount of EUR 450,000 has been approved for the project, structured in two stages. EUR 250,000 was provided during the first stage, while the remaining EUR 200,000 was to be provided after the registration of the apartment’s new, larger area. This condition has now been fulfilled – the new apartment area has been registered with the Latvian real estate register and is reflected in the current property valuation. Therefore, the remaining approved financing amount of EUR 200,000 is being raised during this financing stage. Part of the financed amount will be used to complete the furnishing of the apartment, while the remaining part will be allocated to the company’s working capital. If required, the expected proceeds from the sale could amount to approximately EUR 670,000.
Loan Information:
The loan will be repaid from the proceeds of the property sale or through refinancing with another credit institution. Interest will be paid from the operating income of the guaranteeing company and the income of the company’s shareholder.
Maximum financing amount: EUR 450,000 (EUR 250,000 already raised). The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be required, and subsequent financing stages of the Project will only be announced and funded if the established maximum LTV is not exceeded.
The Project loan agreement expires on 2027-11-31. Funds for the Project may be raised in stages, and the duration of this financing stage is 14 months.
We plan to raise the target amount within 7 days, with the possibility of extending the fundraising period up to 30 days if the full amount is not raised.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Profitus operates with Lemonway, a regulated payment service provider.
